Applicability of Subchapter

Sec. 821.001. APPLICABILITY OF SUBCHAPTER. (a) This subchapter applies to any insurer that is required by law to hold a certificate of authority issued by the department, including: (1) a domestic insurance company; (2) a mutual life insurance company; (3) a statewide mutual assessment company; (4) a mutual insurance company other than a life insurance company operating under Chapter 883; (5) a Lloyd's plan; (6) a reciprocal or interinsurance exchange; and (7) a title insurance company. (b) This subchapter does not apply to: (1) an insurer before the second anniversary of the date the insurer's original certificate of authority is issued; or (2) an insurer that was paid more than $50,000 in gross premium income by policyholders during the preceding accounting year of the insurer. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.